Royalties	6 Months Ended
Jun. 30, 2011
Royalties [Abstract]
ROYALTIES	NOTE 4. ROYALTIES Payments of the Contingent Portion made to the Trust by EMI are based upon royalty income generated from the copyright catalogue. When the existing copyrights begin to expire the size of each Contingent Portion payment may decrease unless new copyrights are acquired and successfully exploited. A schedule received in 2011 from EMI identifies the top 50 earning songs in the catalogue for the year 2010. Ten of the top 50 songs account for approximately 66% of the earnings attributable to the top 50 songs. Each of the top 50 songs identified on the schedule obtained copyright registration under the Copyright Act of 1909 and the songs have registration dates that range from 1922 to 1960. Copyright law provides for a possible 95 years of copyright protection, depending upon certain factors, including the initial registration date of each copyright. The copyright for one of the top 50 songs has expired and is in the public domain. However, for 2010, EMI has reported gross royalties for the expired song that aggregate less than 2% of the gross income of the top 50 earning songs. For the balance of the top 50 songs identified on the schedule, none of the copyrights will reach the 95-year expiration within the next five years. The earliest that a copyright for one of these songs will expire is 2018. Copyrighted works are also subject to rights of termination, which may impact whether EMI is able to retain rights during the term of certain copyrights in the catalogue. The Trust cannot determine EMI’s ability to secure renewals of any of the copyrighted works; however EMI is obligated to use its best efforts to do so. EMI and the Trust agreed to continue efforts to settle disputes of a net $259,500 arising from deductions taken by EMI in connection with royalty payments to the Trust in prior years, without any litigation. In furtherance of those efforts, on October 4, 2007, EMI and the Trust executed a Tolling Agreement, pursuant to which the parties agreed to suspend recognition of the passage of time for purposes of any relevant statute of limitations defenses to claims under the agreement governing the payment of royalties and not to commence litigation while the Tolling Agreement is in force. The Tolling Agreement, which was scheduled to initially expire on April 1, 2008, has been extended by mutual written consent through December 15, 2011. As of February 2, 2011, it was announced that EMI has been acquired by Citigroup. It is unclear what if any effect these events could have on EMI and/or the Trust.

NOTE 4. ROYALTIES

Payments of the Contingent Portion made to the Trust by EMI are based upon royalty income generated from the copyright catalogue. When the existing copyrights begin to expire the size of each Contingent Portion payment may decrease unless new copyrights are acquired and successfully exploited.

A schedule received in 2011 from EMI identifies the top 50 earning songs in the catalogue for the year 2010. Ten of the top 50 songs account for approximately 66% of the earnings attributable to the top 50 songs. Each of the top 50 songs identified on the schedule obtained copyright registration under the Copyright Act of 1909 and the songs have registration dates that range from 1922 to 1960.

Copyright law provides for a possible 95 years of copyright protection, depending upon certain factors, including the initial registration date of each copyright. The copyright for one of the top 50 songs has expired and is in the public domain. However, for 2010, EMI has reported gross royalties for the expired song that aggregate less than 2% of the gross income of the top 50 earning songs.

For the balance of the top 50 songs identified on the schedule, none of the copyrights will reach the 95-year expiration within the next five years. The earliest that a copyright for one of these songs will expire is 2018.

Copyrighted works are also subject to rights of termination, which may impact whether EMI is able to retain rights during the term of certain copyrights in the catalogue. The Trust cannot determine EMI’s ability to secure renewals of any of the copyrighted works; however EMI is obligated to use its best efforts to do so.

EMI and the Trust agreed to continue efforts to settle disputes of a net $259,500 arising from deductions taken by EMI in connection with royalty payments to the Trust in prior years, without any litigation.

In furtherance of those efforts, on October 4, 2007, EMI and the Trust executed a Tolling Agreement, pursuant to which the parties agreed to suspend recognition of the passage of time for purposes of any relevant statute of limitations defenses to claims under the agreement governing the payment of royalties and not to commence litigation while the Tolling Agreement is in force. The Tolling Agreement, which was scheduled to initially expire on April 1, 2008, has been extended by mutual written consent through December 15, 2011.

As of February 2, 2011, it was announced that EMI has been acquired by Citigroup. It is unclear what if any effect these events could have on EMI and/or the Trust.